KAVA prices fail to surpass the $3 mark resulting in a dip to $1.66 again. Will buyers manage to keep the price floating above $1.66? Key technical points: The market price has increased 11.11% over the past 24 hours. The price action shows lower price rejection from the $1.50 mark. The 24-hour trading volume of Kava is $30.78 Million, indicating a hike of 15%. Past Performance of KAVA KAVA prices showcased a dramatic V-shaped reversal from the $1.66 mark last month, but they failed to surpass the $3 mark. The bullish failure led to a retracement at $2.25, which led to $1.66 as the global markets took a nosedive. However, the buyers once again manage to halt the falling trend above the $1.50 and keep the closing price floating above $1.66. Source- Tradingview KAVA Technical Analysis The lower price rejection at the $1.50 mark drives the KAVA prices higher and forms a morning star pattern. However, the recent daily candle shows a bearish influence, cutting 3.50% of market value and eyes to undermine the reversal pattern. The daily-RSI slope shows a reversal from the oversold zone but takes a step back as the daily candle takes a bearish influence. However, the bullish divergence is present in the last two dips at the $1.66 teases a potential reversal to surpass the $2 mark. The MACD indicator displays the fast and slow lines maintaining a falling trend after the recent bearish crossover. However, the decreasing intensity of the...
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